更正一下:循环贷玩家庞大的yt已经给pendle带去了5%的收益.
pendle和项目方时常有利益冲突,从ethena、usual到现在的spark,下面从三方的利益出发来谈谈。 vependle持有人和pendle项目方觉得循环贷mint pt+yt的人,没有给pendle付出成本,从而催项目方单方面在中途对循环者slash points。这种事情,中途破坏玩家期望值,对项目伤害比较大,如usual当时留下了祸根; 而项目方的初心是要做大做强TVL,循环者其实是很关键的增长客户。如ethena扎扎实实靠aave、morpho增加了2B+的tvl。 从循环玩家而言,他们的确没有给pendle带去收益,但也扎扎实实给aave、morpho付了利息,这样觉得惩罚yt也是不合理的。 解决困局之道,我有一个小提议,针对此类池子,pendle方面是不是直接收一个mint的fee,这样对三方都有利,免去纠缠不清的争辩。
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